Mismatch and turnover unemployment, while conceptually easy to distinguish, are often difficult to identify. Ceteris paribus, a person out of work for six months or an extended period would be classified by Gordon as
A) experiencing turnover unemployment.
B) experiencing mismatch unemployment.
C) impossible to distinguish the type.
D) first frictionally unemployed (the first month) and then structurally unemployed.
B
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If, as your taxable income increases, you pay a smaller percentage of your taxable income in taxes, then the tax is
A) progressive. B) regressive. C) proportional. D) unfair.
India is expected to surpass the population of China in the next decade or so? What differences between these two nations could have contributed to this outcome?
What will be an ideal response?
Which of the following creates an obstacle to pursuing freer international trade?
a. Consumers do not recognize their potential gains b. Losses are widespread c. Domestic producers do not recognize their potential losses d. Government has plenty of political will and support to remove trade barriers e. Consumers can easily organize to demand free trade
If a pair-wise majority vote was held and the voters' preferences are in the given table, which option would win the first round of voting?
A. Public transportation
B. Public zoo
C. Public parks
D. It depends on which pair was considered first.